Check Capital Management Inc. CA Trims Stake in Anheuser-Busch Inbev SA (BUD)
Check Capital Management Inc. CA decreased its holdings in shares of Anheuser-Busch Inbev SA (NYSE:BUD) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,810 shares of the consumer goods maker’s stock after selling 3,300 shares during the period. Anheuser-Busch Inbev SA makes up 0.7% of Check Capital Management Inc. CA’s portfolio, making the stock its 21st biggest holding. Check Capital Management Inc. CA’s holdings in Anheuser-Busch Inbev SA were worth $10,353,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Edmond DE Rothschild Holding S.A. boosted its position in shares of Anheuser-Busch Inbev SA by 44.4% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,600 shares of the consumer goods maker’s stock valued at $288,000 after purchasing an additional 800 shares in the last quarter. Richard C. Young & CO. LTD. lifted its stake in Anheuser-Busch Inbev SA by 2.1% during the second quarter. Richard C. Young & CO. LTD. now owns 70,031 shares of the consumer goods maker’s stock valued at $7,729,000 after buying an additional 1,464 shares in the last quarter. Bahl & Gaynor Inc. lifted its stake in Anheuser-Busch Inbev SA by 1.2% during the second quarter. Bahl & Gaynor Inc. now owns 2,418 shares of the consumer goods maker’s stock valued at $255,000 after buying an additional 28 shares in the last quarter. Comerica Securities Inc. lifted its stake in Anheuser-Busch Inbev SA by 7.9% during the second quarter. Comerica Securities Inc. now owns 3,148 shares of the consumer goods maker’s stock valued at $347,000 after buying an additional 231 shares in the last quarter. Finally, Payden & Rygel purchased a new stake in Anheuser-Busch Inbev SA during the second quarter valued at about $8,409,000. Institutional investors own 5.50% of the company’s stock.
BUD has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Anheuser-Busch Inbev SA from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a research report on Wednesday, July 19th. BidaskClub downgraded Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Jefferies Group LLC reiterated a “buy” rating on shares of Anheuser-Busch Inbev SA in a report on Monday, July 10th. Stifel Nicolaus reiterated a “buy” rating and set a $140.00 price target (up previously from $134.00) on shares of Anheuser-Busch Inbev SA in a report on Friday, June 23rd. Finally, Susquehanna Bancshares Inc set a $111.00 price target on Anheuser-Busch Inbev SA and gave the company a “hold” rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $126.81.
Shares of Anheuser-Busch Inbev SA (NYSE BUD) traded down 0.47% during midday trading on Friday, hitting $121.17. The stock had a trading volume of 209,587 shares. The firm has a market cap of $234.31 billion, a P/E ratio of 60.40 and a beta of 1.07. The company’s 50 day moving average is $118.64 and its 200 day moving average is $114.46. Anheuser-Busch Inbev SA has a 52 week low of $98.28 and a 52 week high of $136.08. Anheuser-Busch Inbev SA also saw some unusual options trading on Wednesday. Investors purchased 446 call options on the stock. This is an increase of approximately 120% compared to the typical daily volume of 203 call options.
Anheuser-Busch Inbev SA (NYSE:BUD) last announced its earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.19). The company had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $14.15 billion. Anheuser-Busch Inbev SA had a net margin of 7.37% and a return on equity of 13.61%. The firm’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 EPS. On average, equities analysts predict that Anheuser-Busch Inbev SA will post $4.14 earnings per share for the current fiscal year.
Anheuser-Busch Inbev SA Company Profile
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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